A member of parliament for the Scottish National Party (SNP) has urged his party to consider experimenting with a national digital currency.
Speaking at the SNP conference held in Aberdeen – in northeastern Scotland – George Kerevan said he wanted the country to trial the ScotPound, a native digital currency that would co-exist alongside the pound sterling.
by CoinDesk, the report proposed that each Scottish citizen should be given a 250 ScotPound dividend and that payments should be made via text message or a mobile app.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.